Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express, Inc. provides omnichannel money remittance services focused on corridors from the United States and Canada to Latin America, the Caribbean and other international markets. Company news commonly covers digital money-transfer partnerships, payout-network expansion, wire transfer services, money order activity and technology used to support branded and business-to-business remittance programs.
Recurring developments include alliances with banks, fintechs and money service businesses, digital account-to-account receiving options, payroll card features, mobile and web remittance tools, and expansion of Intermex transfer infrastructure into additional corridors such as Canada, the Dominican Republic, Guatemala and Africa.
International Money Express (NASDAQ: IMXI) announced a correction to its Q2 2020 earnings presentation, specifically on slide 5, addressing an immaterial error regarding online customer and transaction growth. This revision does not affect any other data, ensuring the integrity of the remaining information. Stakeholders can access the updated presentation on the company’s website. For further inquiries, Mike Gallentine, VP of Investor Relations, is available for contact.
International Money Express (NASDAQ: IMXI) is set to release its Second Quarter 2020 earnings after market close on August 4, 2020. A conference call will follow at 5:00 PM ET to discuss financial results and strategy. Participants can join by dialing specified numbers or accessing the webcast through their investor relations page. The earnings announcement will be crucial for investors, as it offers insights into the company's performance in money transfer services across Latin America and the Caribbean, alongside emerging markets like Africa.
International Money Express (NASDAQ: IMXI) announced a change in the location of its 2020 Annual Meeting of Stockholders due to the COVID-19 pandemic. The meeting is now scheduled to be held at The Biltmore Hotel in Coral Gables, FL on June 26, 2020, at 11:00 a.m. ET. Stockholders of record as of May 5, 2020, are encouraged to read the proxy materials and vote in advance. The proxy card will not be updated for the new location, but previously submitted votes remain valid unless changed.
International Money Express (NASDAQ: IMXI) announced a virtual investor update hosted by Northland Securities, scheduled for June 4 at 1:00 PM E.T. The update will feature President and CEO Robert Lisy, along with CFO Tony Lauro. Interested parties are encouraged to register 5-10 minutes prior to the event. The company specializes in money remittance services focused on Latin America and the Caribbean, utilizing proprietary technology to facilitate transactions from the U.S. to 17 countries. Founded in 1994, IMXI is headquartered in Miami, Florida.
International Money Express, Inc. (NASDAQ: IMXI) announced record one-day sales on May 9, surpassing the previous high by 16%. This day also marked the highest remittance sales from the U.S. to Mexico, the largest money transfer corridor globally. Notably, online sales surged 183% in April compared to the previous year. Despite a 7% year-over-year decline in remittance volume during April due to the COVID-19 pandemic, sales volumes have been recovering significantly in May. Intermex is committed to providing reliable services while navigating the ongoing challenges of the pandemic.
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